Brokerages expect New York Community Bancorp, Inc. (NYSE:NYCB) to post $266.64 million in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for New York Community Bancorp’s earnings. The highest sales estimate is $270.70 million and the lowest is $259.38 million. New York Community Bancorp reported sales of $293.15 million during the same quarter last year, which would suggest a negative year over year growth rate of 9%. The business is expected to announce its next quarterly earnings report before the market opens on Tuesday, April 30th.
According to Zacks, analysts expect that New York Community Bancorp will report full-year sales of $1.09 billion for the current financial year, with estimates ranging from $1.06 billion to $1.10 billion. For the next year, analysts expect that the company will post sales of $1.13 billion, with estimates ranging from $1.10 billion to $1.16 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow New York Community Bancorp.
New York Community Bancorp (NYSE:NYCB) last released its quarterly earnings results on Wednesday, January 30th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.19. New York Community Bancorp had a net margin of 23.72% and a return on equity of 6.76%. The business had revenue of $270.31 million for the quarter, compared to analyst estimates of $270.24 million. During the same quarter in the previous year, the business earned $0.26 earnings per share.
Shares of NYCB stock opened at $11.79 on Friday. The firm has a market capitalization of $5.51 billion, a PE ratio of 14.92, a price-to-earnings-growth ratio of 1.44 and a beta of 0.98. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 2.31. New York Community Bancorp has a 52-week low of $8.61 and a 52-week high of $13.07.
In other news, Director Dominick Ciampa bought 34,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The shares were bought at an average cost of $11.61 per share, for a total transaction of $394,740.00. Following the acquisition, the director now directly owns 7,508 shares in the company, valued at $87,167.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.17% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of the business. Norges Bank purchased a new position in New York Community Bancorp in the 4th quarter worth approximately $41,015,000. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in New York Community Bancorp by 7.7% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 41,199,922 shares of the financial services provider’s stock valued at $387,691,000 after acquiring an additional 2,960,395 shares during the last quarter. Millennium Management LLC acquired a new position in New York Community Bancorp during the fourth quarter worth $16,968,000. Oregon Public Employees Retirement Fund lifted its stake in New York Community Bancorp by 841.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,826,839 shares of the financial services provider’s stock worth $194,000 after purchasing an additional 1,632,701 shares in the last quarter. Finally, Bessemer Group Inc. increased its position in shares of New York Community Bancorp by 63.5% during the fourth quarter. Bessemer Group Inc. now owns 3,745,166 shares of the financial services provider’s stock worth $35,242,000 after acquiring an additional 1,454,055 shares during the period. Institutional investors and hedge funds own 68.11% of the company’s stock.
New York Community Bancorp Company Profile
New York Community Bancorp, Inc operates as a holding company for New York Community Bank and New York Commercial Bank that offer banking products and financial services in Metro New York, New Jersey, Ohio, Florida, and Arizona. The company offers various deposit products that include checking and savings accounts, individual retirement accounts, certificates of deposit, NOW and money market accounts, and non-interest-bearing accounts.
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